New Jersey Resources sets fiscal 2027 executive incentive payouts at up to 150% of target
NJR•New Jersey Resources approved its fiscal 2027 Officer Annual Incentive Plan on November 10, 2026, with payouts of 0% to 150% of target subject to a net financial earnings hurdle. CEO target awards equal 110% of base salary; other named executive officers’ targets range from 40% to 60%.
1. Incentive plan terms
The plan also provides for performance share unit payouts of 0% to 150% of granted units over the October 1, 2026, to September 30, 2029, performance period. CEO Stephen D. Westhoven received performance-based restricted stock units with potential annual vesting through September 30, 2029, subject to earnings conditions.
